“Staking” generally refers to earning rewards by holding a certain amount of cryptocurrency on a cryptocurrency network and contributing that money to the operation of the network. This process is common with cryptocurrencies that use Proof of Stake (PoS) or similar consensus algorithms.

Staking involves keeping a quantity of cryptocurrencies in a locked state to secure the network and verify transactions. In this process, participants serve the security of the network by locking these assets into the blockchain for a certain period of time and can receive rewards for this service. Staking is a more energy-efficient method of providing blockchain security by focusing on asset owners rather than energy-intensive operations such as mining.